GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) Stock Price Up 6.7% – What’s Next?

GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) shares shot up 6.7% during mid-day trading on Monday . The stock traded as high as $60.99 and last traded at $60.74. 7,220,154 shares traded hands during trading, a decline of 73% from the average session volume of 26,404,344 shares. The stock had previously closed at $56.90.

GraniteShares 2x Long NVDA Daily ETF Stock Performance

The business’s fifty day moving average price is $66.52 and its 200-day moving average price is $65.06.

Institutional Trading of GraniteShares 2x Long NVDA Daily ETF

Hedge funds have recently bought and sold shares of the company. IFP Advisors Inc purchased a new position in GraniteShares 2x Long NVDA Daily ETF in the fourth quarter worth about $27,000. Spire Wealth Management bought a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the 4th quarter worth approximately $78,000. Centaurus Financial Inc. purchased a new position in shares of GraniteShares 2x Long NVDA Daily ETF in the third quarter worth approximately $134,000. Gilliland Jeter Wealth Management LLC boosted its holdings in shares of GraniteShares 2x Long NVDA Daily ETF by 144.9% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 2,535 shares of the company’s stock worth $148,000 after buying an additional 1,500 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in GraniteShares 2x Long NVDA Daily ETF during the third quarter valued at approximately $153,000.

About GraniteShares 2x Long NVDA Daily ETF

The GraniteShares 1.5x Long NVDA Daily ETF (NVDL) is an exchange-traded fund that mostly invests in information technology equity. The fund provides 1.5x leveraged exposure, less fees and expenses, to the daily price movement for shares of NVIDIA Corporation stock. NVDL was launched on Dec 13, 2022 and is managed by GraniteShares.